Supplemental Insurance

Supplemental insurance is, as the name implies, a supplement to your normal insurance. It is not a smart decision to only have supplemental insurance.

Supplemental insurances are extra insurance to cover what normal insurance will not cover. For instance if you develop a cancer your deductibles could total a few thousand dollars (still much better than not having insurance!) on top of you not being able to work for months - the bills still have to be paid! Supplemental cancer insurance would pay some, if not all, of the deductible and give allowances for things like normal utility, rent, etc. bills that occur while you are not working.

Supplemental insurance can be purchased directly from companies like AFLAC, but it is mostly sold through an employer as an extra benefit.